NEW YORK – New York State Senator Michael Gianaris announced on December 4 new legislation aimed at curbing insider dealing in real estate deals. The legislation prohibits anyone from using confidential government information to buy or sell real estate.
“Trading on insider information is illegal with securities and should be illegal with real estate,” said Senator Gianaris. “No one should be cashing in on confidential inside information.”
The Wall Street Journal reported Amazon employees were purchasing condominiums in Long Island City, Queens in advance of the company’s decision to locate its second headquarters in the neighborhood. This is the latest piece of legislation Senator Gianaris has announced aimed at curbing the lax regulatory environment that led to the Amazon deal. He previously announced legislation to prohibit the use of non-disclosure agreements as part of economic development negotiations.
Senator Gianaris’ legislation would create the Class-E felony of “Insider Dealing in Real Property” for those who use non-public government information to buy or sell real estate.
Senator Gianaris plans to introduce the legislation when the new session convenes in January.
HIMARE - Elected mayor of Himare Fredi Beleri, who remains jailed on remand in a Durres prison since May, said in an interview with SKAI radio on Tuesday that "the rule of law does not function in Albania".
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
WASHINGTON (AP) — Rep. George Santos of New York is facing a critical vote to expel him from the House on Friday as lawmakers weigh whether his actions, fabrications and alleged lawbreaking warrant the chamber's most severe punishment.
MANCHESTER, England (AP) — After a record-breaking start as Tottenham manager, Ange Postecoglou is experiencing the other side to life in a job that has proved too much for some of the biggest names in soccer.
WASHINGTON (AP) — The House voted on Friday to expel Republican Rep.
WASHINGTON (AP) — Retired Supreme Court Justice Sandra Day O’Connor, an unwavering voice of moderate conservatism and the first woman to serve on the nation’s highest court, died Friday.
He wasn’t the first one to think about it but a humor columnist for POLITICO suggested - ironically, of course - that if Greeks want back the stolen Parthenon Marbles in the British Museum that they should just steal them back, old boy.
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